🔶 $MYX
USDT (Perpetual Futures)
Price: $0.12302
24h Change: +63.76% 🚀
Status: Massive breakout — but showing early signs of exhaustion
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📊 Key Trading Data:
24h High: $0.14290
24h Low: $0.07166
Mark Price: $0.12318
24h Vol (MYX): 10.92 Billion
24h Vol (USDT): $1.15 Billion
Current Volume: 71.95M (drastically lower than earlier trend)
MA(5): 289.04M
MA(10): 306.56M
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📉 Support & Resistance Zones:
Resistance 1: $0.12838
Resistance 2 (local high): $0.14290
Current Price: $0.12302
Support 1: $0.10960 (key retest level)
Support 2: $0.09081
Support 3: $0.07203 (24h low)
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📈 Trend & Volume Analysis:
MYXUSDT exploded +63% from $0.071 to $0.14 before cooling off.
Now trading ~14% below the local high.
Volume is dropping fast — current is ~72M, vs average MA(5) = 289M
That indicates buyers are stepping back, and a correction or consolidation is highly likely unless fresh buyers return.
🔍 Technical Structure Summary:
Momentum has peaked, evidenced by shrinking volume and failure to reclaim $0.128+.
Still up massively on the day, so profit-taking pressure is real.
Key level to hold is $0.1096. A breakdown below that opens risk of deeper retracement toward $0.09 or lower.
🎯 Trade Scenarios:
📉 Bearish Reversal Setup (High Probability Intraday)
Entry: $0.127–0.129
TP1: $0.109
TP2: $0.091
SL: $0.135
Why: Price rejected near highs + collapsing volume = fading momentum
📈 Continuation Play (Only with volume > 200M again)
Entry: Break above $0.130
TP1: $0.140
TP2: $0.150
SL: $0.119
Why: Needs new inflow to retest breakout highs
📌 Summary:
Volume has crashed ~75% from peak, even as price floats near local highs → classic blow-off top setup.
Unless volume surges above 150–200M again, expect correction toward $0.10–$0.11.
Strong risk of bull trap above $0.128 in current conditions.
📊 Bias: Bearish → Cautious
⏱️ Watch Next: 15–30m volume candle. If under 100M, likely price fades below $0.115
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